Leagues Club to bail out Parra Eels to tune of $10mill

[leeroy*NRL*]

THE scandal-plagued Parramatta Eels will cop a record $10 million-plus loss for the 2016 year, following the exposure of its systematic salary cap cheating program.

The huge loss will force the NRL club’s cashed-up parent, the Parramatta Leagues Club, to cover the massive sum just to bail the Eels out.




The Parramatta Leagues Club members will have to bail out the embattled NRL club and pay the $10 million plus loss. Picture: Adam Yip
The Daily Telegraph understands before the salary cap scandal broke, internal projections at the Eels were that Parramatta would require an $8m handout from the Leagues Club for 2016.

But the club is now projecting this figure will blow out by $2 million-plus to between $10-$10.5m because of:

● The NRL’s imminent $1m fine on the club;

● Its loss of two major sponsors, Infinity and Cleanaway, following the cheating revelations ($550,000 a year);

● Spiralling and ongoing legal fees for both the Eels’ “Gang of Five” and some of its troubled players ($500,000 and counting), and;

● Loss of its prizemoney from winning this year’s Auckland Nines ($370,000);

These factors alone mean the club’s losses will now easily top $10m for the 2016 season, and possibly more.




Eels chairman Steve Sharp and deputy chairman Tom Issa are **** the suspended Gang of Five.
This will put yet more pressure on the beleaguered Eels, days out from the likely final bans of the Gang of Five ­— suspended Eels chairman Steve Sharp, CEO John Boulous, deputy chairman Tom Issa, director Peter Serrao and football boss Daniel Anderson — over the cap cheating.

The massive loss takes subsidies given by the Leagues Club to the Eels to more than $18 million for the 2015 and 2016 financial years: making the club by far the most financially dependent in the NRL.




Parramatta Eels Chief Executive Officer John Boulous. Picture: Jenny Evans
The subsidies provided by the Leagues Club — the member-based, pokie palace in Parramatta’s heart — mean members’ money is bailing out the operations of the football club.

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.




Eels football boss Daniel Anderson is also suspended over the salary cap scandal.
Infinity has been replaced by Eels apparel partner Blades as back-of-jersey sponsor for the Eels — for a fraction of the original Infinity deal.

The contract of the club’s major sponsor, Dyldam, is also up for renewal at the end of 2016.

Meanwhile, a second proposal to overthrow the Eels board was registered with the club yesterday, with a third expected to be lodged shortly.

Eels member Chris Losco, who is leading one of the proposals to be put to an extraordinary meeting in late August, said yesterday: “The financial mismanagement of the Eels shows this board is incapable of turning around the performance of what should be a powerhouse of Australian sport.”

[eelofwest]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

[Swans4ever]

I think their safe Manly far worse trouble by all accounts

[leagueiscrap]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

lol poker machine money, keeping the NRLOL clubs alive!
lets it in to perspective how minnow the eels are
The Eels, despite a recent woeful on-field record, are still able to muster about $14 million in revenue directly from the football operations. This is still well short of the more than $17 million the club spends on the team, a deficit that could shrink in years to come as the on-field performance improves.

Read more: http://www.smh.com.au/rugby-league/leag ... z4Dii6mY7n
Follow us: @smh on Twitter | sydneymorningherald on Facebook
even more pathetic when you consider for $8 or $9 million from the NRLOL broadcast distribution money each club recieves

that article is from 2013 so ill put it in to prospective the best i can when compared to AFL clubs
Collingwood - $19,326,637, down from $19,650,141
Essendon - $17,690,850, up from $16,837,899
Sydney - $17,089,855, up from $14,645,407
Geelong - $16,251,281, down from $17,039,348
Hawthorn -$15,093,510, down from $15,226,374
https://www.bigfooty.com/forum/threads/ ... p.1079199/

thats just sponsorship revenue from similar years, thats not including other forms of football, merchandise sales, membership, gate returns etc

[eelofwest]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

lol poker machine money, keeping the NRLOL clubs alive!
lets it in to perspective how minnow the eels are
The Eels, despite a recent woeful on-field record, are still able to muster about $14 million in revenue directly from the football operations. This is still well short of the more than $17 million the club spends on the team, a deficit that could shrink in years to come as the on-field performance improves.

Read more: http://www.smh.com.au/rugby-league/leag ... z4Dii6mY7n
Follow us: @smh on Twitter | sydneymorningherald on Facebook
even more pathetic when you consider for $8 or $9 million from the NRLOL broadcast distribution money each club recieves

that article is from 2013 so ill put it in to prospective the best i can when compared to AFL clubs
Collingwood - $19,326,637, down from $19,650,141
Essendon - $17,690,850, up from $16,837,899
Sydney - $17,089,855, up from $14,645,407
Geelong - $16,251,281, down from $17,039,348
Hawthorn -$15,093,510, down from $15,226,374
https://www.bigfooty.com/forum/threads/ ... p.1079199/

thats just sponsorship revenue from similar years, thats not including other forms of football, merchandise sales, membership, gate returns etc

How many clubs in AFL stay a float with Pokie money?

People in glass houses champ..

Hawthorns total operations stand at 79m

Eels for a team that has been like The western Bulldogs for the last 30 years has total operations revenue at 82m.

Your premiers cant even operate at our level, what makes you think any of your other clubs can..

[AFLcrap1]

The same fucking ****** rants by the same ****** .
Poke poke poke
It's been posted many times before where fumble clubs rely on poke money .
Yet this **** just ignores that & goes on the same rant .

How fucking stupid can one person be

[leagueiscrap]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

lol poker machine money, keeping the NRLOL clubs alive!
lets it in to perspective how minnow the eels are
The Eels, despite a recent woeful on-field record, are still able to muster about $14 million in revenue directly from the football operations. This is still well short of the more than $17 million the club spends on the team, a deficit that could shrink in years to come as the on-field performance improves.

Read more: http://www.smh.com.au/rugby-league/leag ... z4Dii6mY7n
Follow us: @smh on Twitter | sydneymorningherald on Facebook
even more pathetic when you consider for $8 or $9 million from the NRLOL broadcast distribution money each club recieves

that article is from 2013 so ill put it in to prospective the best i can when compared to AFL clubs
Collingwood - $19,326,637, down from $19,650,141
Essendon - $17,690,850, up from $16,837,899
Sydney - $17,089,855, up from $14,645,407
Geelong - $16,251,281, down from $17,039,348
Hawthorn -$15,093,510, down from $15,226,374
https://www.bigfooty.com/forum/threads/ ... p.1079199/

thats just sponsorship revenue from similar years, thats not including other forms of football, merchandise sales, membership, gate returns etc

How many clubs in AFL stay a float with Pokie money?

People in glass houses champ..

Hawthorns total operations stand at 79m

Eels for a team that has been like The western Bulldogs for the last 30 years has total operations revenue at 82m.

Your premiers cant even operate at our level, what makes you think any of your other clubs can..

what is the football related revenue?
the NSW clubs have had pokies decades longer than the AFL clubs, but the difference is the earnings from football related revenue, sponsorship, merchandise, gate receipts etc, if you want to crap on about the earnings of a NRLOL clubs owner, the AFL owns their clubs & the a league has billionairs that own a club for shits and giggles

so again the NRLOL clubs are pissant irrlevant minnows

[leagueiscrap]

The same fucking ****** rants by the same ****** .
Poke poke poke
It's been posted many times before where fumble clubs rely on poke money .
Yet this **** just ignores that & goes on the same rant .

How fucking stupid can one person be

acturarly you spazza as all you do is have mental rants about nothing

[eelofwest]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

lol poker machine money, keeping the NRLOL clubs alive!
lets it in to perspective how minnow the eels are
The Eels, despite a recent woeful on-field record, are still able to muster about $14 million in revenue directly from the football operations. This is still well short of the more than $17 million the club spends on the team, a deficit that could shrink in years to come as the on-field performance improves.

Read more: http://www.smh.com.au/rugby-league/leag ... z4Dii6mY7n
Follow us: @smh on Twitter | sydneymorningherald on Facebook
even more pathetic when you consider for $8 or $9 million from the NRLOL broadcast distribution money each club recieves

that article is from 2013 so ill put it in to prospective the best i can when compared to AFL clubs
Collingwood - $19,326,637, down from $19,650,141
Essendon - $17,690,850, up from $16,837,899
Sydney - $17,089,855, up from $14,645,407
Geelong - $16,251,281, down from $17,039,348
Hawthorn -$15,093,510, down from $15,226,374
https://www.bigfooty.com/forum/threads/ ... p.1079199/

thats just sponsorship revenue from similar years, thats not including other forms of football, merchandise sales, membership, gate returns etc

How many clubs in AFL stay a float with Pokie money?

People in glass houses champ..

Hawthorns total operations stand at 79m

Eels for a team that has been like The western Bulldogs for the last 30 years has total operations revenue at 82m.

Your premiers cant even operate at our level, what makes you think any of your other clubs can..

what is the football related revenue?
the NSW clubs have had pokies decades longer than the AFL clubs, but the difference is the earnings from football related revenue, sponsorship, merchandise, gate receipts etc, if you want to crap on about the earnings of a NRLOL clubs owner, the AFL owns their clubs & the a league has billionairs that own a club for shits and giggles

so again the NRLOL clubs are pissant irrlevant minnows

Are we in your imaginary world where the Eels dealings outside football don't count or are we in the real world where the Eels total revenue for operations inside and outside football is larger than basically all your AFL clubs?

Yeah get back to me when you come to your senses or grow a brain....

[AFLcrap1]

DUMBO The dumbest kaaaaaarnt God ever punched an arsehole into .

as was said he discounts dealings outside football .
He ignores the fact that there is a long history of RL clubs & Licensed clubs .
He ignores the fact that AFL clubs rely on pokies ..it's all about RL clubs & pokies .

As usual if the club model is not the same as the AFL club model ...then it's bad ..bad bad .

For the 10 millionth time .
AFL clubs have a history of memberships .
RL clubs have a history of membership of your licensed club attached to your team .

It's like talking to a 2 yr old who has been repeatedly dropped on his head .

[pussycat]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

lol poker machine money, keeping the NRLOL clubs alive!
lets it in to perspective how minnow the eels are
The Eels, despite a recent woeful on-field record, are still able to muster about $14 million in revenue directly from the football operations. This is still well short of the more than $17 million the club spends on the team, a deficit that could shrink in years to come as the on-field performance improves.

Read more: http://www.smh.com.au/rugby-league/leag ... z4Dii6mY7n
Follow us: @smh on Twitter | sydneymorningherald on Facebook
even more pathetic when you consider for $8 or $9 million from the NRLOL broadcast distribution money each club recieves

that article is from 2013 so ill put it in to prospective the best i can when compared to AFL clubs
Collingwood - $19,326,637, down from $19,650,141
Essendon - $17,690,850, up from $16,837,899
Sydney - $17,089,855, up from $14,645,407
Geelong - $16,251,281, down from $17,039,348
Hawthorn -$15,093,510, down from $15,226,374
https://www.bigfooty.com/forum/threads/ ... p.1079199/

thats just sponsorship revenue from similar years, thats not including other forms of football, merchandise sales, membership, gate returns etc

How many clubs in AFL stay a float with Pokie money?

People in glass houses champ..

Hawthorns total operations stand at 79m

Eels for a team that has been like The western Bulldogs for the last 30 years has total operations revenue at 82m.

Your premiers cant even operate at our level, what makes you think any of your other clubs can..

what is the football related revenue?
the NSW clubs have had pokies decades longer than the AFL clubs, but the difference is the earnings from football related revenue, sponsorship, merchandise, gate receipts etc, if you want to crap on about the earnings of a NRLOL clubs owner, the AFL owns their clubs & the a league has billionairs that own a club for shits and giggles

so again the NRLOL clubs are pissant irrlevant minnows

What's the problem crapper? RL clubs have debts like everyone else . But unlike AFL clubs they pay there debts. Your mob rely on loans and addition hand outs from the governing body.

[leagueiscrap]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

lol poker machine money, keeping the NRLOL clubs alive!
lets it in to perspective how minnow the eels are
The Eels, despite a recent woeful on-field record, are still able to muster about $14 million in revenue directly from the football operations. This is still well short of the more than $17 million the club spends on the team, a deficit that could shrink in years to come as the on-field performance improves.

Read more: http://www.smh.com.au/rugby-league/leag ... z4Dii6mY7n
Follow us: @smh on Twitter | sydneymorningherald on Facebook
even more pathetic when you consider for $8 or $9 million from the NRLOL broadcast distribution money each club recieves

that article is from 2013 so ill put it in to prospective the best i can when compared to AFL clubs
Collingwood - $19,326,637, down from $19,650,141
Essendon - $17,690,850, up from $16,837,899
Sydney - $17,089,855, up from $14,645,407
Geelong - $16,251,281, down from $17,039,348
Hawthorn -$15,093,510, down from $15,226,374
https://www.bigfooty.com/forum/threads/ ... p.1079199/

thats just sponsorship revenue from similar years, thats not including other forms of football, merchandise sales, membership, gate returns etc

How many clubs in AFL stay a float with Pokie money?

People in glass houses champ..

Hawthorns total operations stand at 79m

Eels for a team that has been like The western Bulldogs for the last 30 years has total operations revenue at 82m.

Your premiers cant even operate at our level, what makes you think any of your other clubs can..

what is the football related revenue?
the NSW clubs have had pokies decades longer than the AFL clubs, but the difference is the earnings from football related revenue, sponsorship, merchandise, gate receipts etc, if you want to crap on about the earnings of a NRLOL clubs owner, the AFL owns their clubs & the a league has billionairs that own a club for shits and giggles

so again the NRLOL clubs are pissant irrlevant minnows

Are we in your imaginary world where the Eels dealings outside football don't count or are we in the real world where the Eels total revenue for operations inside and outside football is larger than basically all your AFL clubs?

Yeah get back to me when you come to your senses or grow a brain....

lol its seems like you struggle to understand! the eels football revenue levels is near that of GSW, out side of poker machines they are a friggen joke

[leagueiscrap]

The Eels have for some time been relying on the rich Leagues Club, which in 2015 had record revenue of $82m, total members funds of $54m, and profits of $6.6m.

Ex-Eels sponsors Infinity ($400,000 a year) and Cleanaway ($150,000 a year) both invoked clauses allowing them to depart because their brands were brought into “disrepute” by the scandal.


So even with a scandal like this caused by the Parra leagues club board the eels still have 54m in the bank and still will turn a profit from 82m in revenue which is larger than nearly all AFL clubs.

Sponsor will come back once this has all been sorted

And with 100m development in the pipeline the Eels future still looks bright no matter how bad News Ltd trys to paint it.

Good to know cheers for posting... :_<> :_<> =D>

lol poker machine money, keeping the NRLOL clubs alive!
lets it in to perspective how minnow the eels are
The Eels, despite a recent woeful on-field record, are still able to muster about $14 million in revenue directly from the football operations. This is still well short of the more than $17 million the club spends on the team, a deficit that could shrink in years to come as the on-field performance improves.

Read more: http://www.smh.com.au/rugby-league/leag ... z4Dii6mY7n
Follow us: @smh on Twitter | sydneymorningherald on Facebook
even more pathetic when you consider for $8 or $9 million from the NRLOL broadcast distribution money each club recieves

that article is from 2013 so ill put it in to prospective the best i can when compared to AFL clubs
Collingwood - $19,326,637, down from $19,650,141
Essendon - $17,690,850, up from $16,837,899
Sydney - $17,089,855, up from $14,645,407
Geelong - $16,251,281, down from $17,039,348
Hawthorn -$15,093,510, down from $15,226,374
https://www.bigfooty.com/forum/threads/ ... p.1079199/

thats just sponsorship revenue from similar years, thats not including other forms of football, merchandise sales, membership, gate returns etc

How many clubs in AFL stay a float with Pokie money?

People in glass houses champ..

Hawthorns total operations stand at 79m

Eels for a team that has been like The western Bulldogs for the last 30 years has total operations revenue at 82m.

Your premiers cant even operate at our level, what makes you think any of your other clubs can..

what is the football related revenue?
the NSW clubs have had pokies decades longer than the AFL clubs, but the difference is the earnings from football related revenue, sponsorship, merchandise, gate receipts etc, if you want to crap on about the earnings of a NRLOL clubs owner, the AFL owns their clubs & the a league has billionairs that own a club for shits and giggles

so again the NRLOL clubs are pissant irrlevant minnows

What's the problem crapper? RL clubs have debts like everyone else . But unlike AFL clubs they pay there debts. Your mob rely on loans and addition hand outs from the governing body.

the NRLOL is writing out cheques left right and center, to the NRLOL clubs, thants even after their leagues clubs cannot afford to inject any more money in to them! more funny when you consider, the running costs for an NRLOL clubs is less than half of a AFL club

[ParraEelsNRL]

And so the Leagues club should bail them out, without the eels there is no Parramatta Leagues club. They are the ones they have controlled all the money since the sl war so yeah why wouldn't they put the money back into the sport that actually made them their money in the first place? The NRL/ARL club itself is a basketcase and has been for 30 years, doesn't mean the rest of the set up has been a failure, quite the opposite actually, Parramatta still have one of the biggest and best junior nurseries anywhere in the country.

[leeroy*NRL*]

Great to see the power of leagues clubs and how beneficial they are to rugby league

its very hard to see a worse season than this season for Parra
everything has gone wrong..

can only see up up from here..